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The company is acquiring almost a million merchants a month and aiming for over 10 million merchants in 650 districts of the country.

Within a year of launch of its QR Code based offline payments, it already contributes around 65% of overall transactions on its platform.

Paytm has undertaken several initiatives to help the country’s merchants start accepting digital payments at zero fee. The company invited volunteers, who along with its merchant acquisition teams have on-boarded 5L merchants till date.

Paytm has also registered strong growth across its newly launched use-cases including tolls, canteens, parking and healthcare among others.

Paytm’s QR code-based payments is also being used by the country’s healthcare industry, which includes pathology labs, diagnostic centers, pharmacies and hospitals chains.

It has made its platform available in 10 different regional languages - Hindi, Tamil, Telugu, Gujarati, Marathi, Bengali, Kannada, Malayalam, Oriya and Punjabi thereby resulting in a 5x traffic increase for the platform from smaller towns.

It has also launched a 24*7 Merchant Helpline to assist merchants across India accepting payments using its cashless payment solution.